GE gets $1.9 billion Algerian power deal: WSJ

(Reuters) - General Electric Co signed a $1.9 billion contract with Algeria to supply turbines for six power plants, the Wall Street Journal reported.

Under the deal Soci?t? Alg?rienne de Production de l'Electricit?, a unit of Algeria's national electricity and gas company, Sonelgaz Group, bought 26 heavy duty gas turbines from GE, the Journal said.

The turbines are for six new combined-cycle power plants that will add 8 gigawatts of power in Algeria by 2017 and aim to increase the country's generating capacity by 70 percent, the Journal reported.

Source: http://news.yahoo.com/ge-gets-1-9-billion-algerian-power-deal-063109572--sector.html

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